Crédit Agricole
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Telefónica hit the European bond market on Wednesday for a €2.75bn dual tranche deal that drew hefty demand, but later widened in secondary. -
The global head of infrastructure at Crédit Agricole will replace Jean-Francois Balay as global head of debt optimisation and distribution, as Balay becomes global head of risk.
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Korea National Oil Corp (KNOC) navigated a crowded primary market on Tuesday to seal a $1bn dual-tranche bond. Thanks to the credit’s safe-haven status, onshore investors piled in, allowing the firm to price the deal flat to its existing curves.
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Réseau de Transport d’Électricité (RTE) rolled out the European corporate bond market’s second 20 year bond of the year on Tuesday as investors lapped up the duration on offer.
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CK Hutchison, the conglomerate with headquarters in Hong Kong, issued €2bn in the European corporate bond market on Tuesday, diversifying the market’s sources of non-European deal flow.
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ArcelorMittal’s $3.015bn rights issue, as part of its $4bn debt cutting plan, was completed oversubscribed, the steelmaker said on Monday, despite the gloomy outlook for the European steel industry.
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Instituto de Crédito Oficial printed a no-grow €500m September 2018 social bond on Tuesday, with bankers noting that the bond’s high yields might have been just as appealing as its high morals.
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The European Investment Bank built a book of €8bn for a 10 year Earn on Tuesday as the 10 year Bund yield fell to a 12 month low, leading bankers on the deal to suggest tougher times may lie ahead for euro issuers.
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Qatar National Bank is turning to euro funding with its latest €1.5bn loan, which was launched on Tuesday.
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Portugal is lining up for its first test of the syndication market since the European Central Bank announced its latest round of monetary easing measures a month ago — measures that have had less effect on Portugal than its periphery peers.
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CK Hutchison Holdings has kicked off bookbuilding for a euro-denominated dual-tranche offering, which will mark the firm’s return to the currency after a gap of 18 months.
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The Asia DCM market opened to a slew of issuance on Tuesday with Singapore duo Olam International and PSA International, Korea National Oil Corp and Japanese lender Mizuho Financial Group looking to tie up their respective dollar transactions.
